Stock Market Today: Sensex, Nifty Start Weak Amid US Strikes Iran After Hormuz Attacks

Stock Market Today: Benchmark equity indices opened lower on July 8 as investors turned cautious amid rising geopolitical tensions in West Asia. Sentiment weakened after the US carried out airstrikes against Iran following attacks on commercial vessels passing through the Strait of Hormuz, raising fresh concerns over regional stability and the security of global oil supplies.

The escalating conflict also pushed crude oil prices higher. Brent crude futures gained nearly 2 per cent to trade around $75.5 per barrel, while US West Texas Intermediate (WTI) crude rose close to $71.8 per barrel. Oil prices also found support after Washington revoked the licence that had allowed the sale of Iranian crude.